Zero Fee Merchant Account
Are you looking for a zero-fee merchant account to help you reduce costs and improve service for your business? Swipe 4 Free has been helping merchants accept credit cards and other forms of payment for years, without ever charging them for the service. Depending on the type and volume of the business in question, this can save thousands of dollars per month, every month, and without ever sacrificing on the quality of the service you are receiving.
There is no doubt that businesses need to be able to accept credit cards if they want to be successful today. Unfortunately, the traditional merchant accounts charge between 3-4% (or even more) on every transaction that goes through. This money comes right out of the pocket of the business, and is why so many companies are implementing ‘minimum purchase amounts’ for accepting these transactions. When you have a zero-fee merchant account from us, however, you won’t ever need to worry about that again. Read on to see how it works.
How the Zero-Fee Merchant Account Works
From the point of view of the merchant, our services work just like any other credit card processing service, except you don’t have to pay a thing. We make our money by applying a small 4% surcharge to every transaction, which is paid directly by the customer. Every time a customer chooses to pay with plastic, they will see an additional line on their receipt for 4% of the purchase price right along with things like taxes and the total cost of the products.
So, for example, if you have a customer who is buying a $100 product from you, and you live in a state with a 6% sales tax, the receipt would currently show as follows. $100 for the products, $6 for taxes, and a total of $106. When you are using our zero-fee merchant account, the customer would see $100 for the products, $4 for the credit card surcharge, and $6 for the taxes, which adds up to a total of $110. As the merchant, you don’t have to do a thing, and you won’t receive a bill!
What Do the Customers Think
One of the most common questions we are asked is how the customers respond to having to pay this surcharge. This is certainly a valid question. In our experience, customers actually don’t mind! In most cases, they don’t even notice the extra charge, and when they do, it is easily explained. Customers today understand that accepting credit cards costs the merchants money, and that this is just passing the costs on to the customer. In fact, some customers appreciate it because they will have direct control over whether they pay this surcharge, or save the money by paying with cash. Without this setup, the costs are just factored into the price of the products.
If you have any questions about our zero fee merchant accounts, please give us a call at 1-855-345-0040. We’ll be more than happy to take the time to go over our services, and see how much money it can save you each month!